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about the possibility of taxes going up because there aren't enough in sacramento to block it. lawmakers ushered in the new era today at the capitol after the election and as we report, democrat contract now hold essentially all the power. >> please wrist your right hand and repeat after me. >>reporter: new session begins with a dramatically reshaped legislature with democrat contract holding super majority powers in both houses. giving them the authority to raise taxes without republicans and override gubernatorial veto. still newly upon atheed assembly speaker vows to listen to the g.o.p. >> find the rate solution for the challenges facing our state is not the task of one party or one house. >>reporter: already though democrat contract have introduced a constitutional amend tomorrow make changes to proposition 13. the landmark initiative that limits how property taxes are assessed and requiresthirds vote for any new taxes. state senator proposal asked voters to allow logical communities to raise taxes for schools with 55 percent of the voychlt allowing a third of the state to or l
congressional republicans. the president released this new campaign-style video overnight calling for tax relief for working families. both sides remain far apart. without a deal, nearly every american will pay more income tax between $2,000 and $2400 for the average family. democrats want tax increases to kick in for the wealthy. republicans have drawn a line in the sand on raising tax rates. >>> in less than an hour the moraga teen denied an eagle scout award because he's gay will be honored by the california state assembly. by openly gay assembly speaker john perez. ryan spent 10 years working to earn his award but was denied. his mother started an online petition drive to try to quinn the organization to reverse their -- to convince the organization to reverse their decision. >>> now to the royal baby news that is creating a buzz worldwide. the future king of england and his beautiful bride are expecting a prince or princess. the royal palace made the announcement this morning after the duchess was admitted to a london hospital with a severe bout of morning sickness. news comes a year and a
middle-class tax cuts and avoid the fiscal cliff. taxes will go up an average of $2200 and both parties say they are open to compromise. taxes concern small business owners who met with the president yesterday. one of them runs an organic mushroom company. he told us that higher taxes will kill his business. >> we are most passionate about, a business like ours, if people are going to be taxed a couple more thousand dollars, that will affect us, as well. >> he admits his small business has benefited from programs he and friend started it three years and now they have 31 employees. >>> for the first time since the election, president obama will meet privately with the man he beat in the race for president, mitt romney. they will talk tomorrow about ideas reviving the economy. president obama said that he would reach out to mitt romney and hold that private meeting after the election. today the president met with yahoo ceo marissa myer. she is trying to avoid the fiscal cliff. and she told a reporter, quote the baby has been way easier than everybody made it out to be. 37-year-old added s
debate. president wants debt reduction that includes higher taxes on the wealthy. congressional replicans came one a counter proposal. their plan would reduce the naonal debt by 2.2 trillion including 800 biion in new tax revenue but no tax increase for the top 2% of earners. if congress and president can not reach an agreement income taxes will automatically go up for nearly all americans. >> 7 news teaming up with a job journal for another higher event. cawt have more than 350 jobs available at the free event in san jose. >> among the company hiring, hyatt regency santa clara. california army nional guard. new york life insurance an financial services as well as sleep traino what to do bring the sume to the double tree hotel in san jose from noon until 4 tomorrow. good opportunity to perhaps find the job you are looking for. >> magician from chico is recovering from severe burns to his head and face it happened while wayne was performing on television in the dominican public and thehow host douses himith cologne that is flammable. the head burst in flames. suffed first s
others could have been saved by a partial tax measure that failed last month. today the contra costa county supervisors were grappling with shutting four of the stations. >> we did say we would listen to what the voters said. they either would want us to continue the current service level, or they would not approve it. unfortunately it did not get the two-thirds it n >> the vote was postponed, but many feefl it is inevitable because the district feels it needs to shutdown two more stations by july of next year. >> the county supervisors will vote to close down the stations next tuesday. as i mentioned, they will also have to close down two more by july of next year along with one or two more by july of 2014. reporting live in martinez, alan wang, abc7 news. >> thank you. >>> a school in new jersey was forced to remove a bob marley branded drink from the lunchroom after several students became ill. it is called marley's mellow mood. the drink's label says it is not intended for children, however several middle school students bought it on campus. some became lethargic and volume milte
sum payment of about 192 million dollars each before taxes. so if you don't have the winning power ball numbers, no problem. here are 3 residence why it may good that you didn't win the lotter lottery. lotto winners may more likely to file for bankruptcy particularly in year 3 to 5 after winning the jack pot. winning the jackpot won't make you any happier. happiness is linked to long-term personal income because it's earned therefore considered legitimate. financially you don't throw your money away on losing tickets. remember the odd of winning the jackpot are more than 1 in 175 million dollars. i'm reminded of johnny consider son old line money doesn't buy happiness. >> true. >> sure can lease it for awhile. >> i would be willing to assume the risk of 192 million dollars and just. >> see how it guess. >> be a human study for sneevrn your one ticket away my friend. >> i would really miss you. >> oh, sure. >> watch you every night but i'll miss you. disappointed and dejebingtd with good reason. smith talks with good reason. smith talks about the move with his >> coming up ton
closes tax loop hole that mostly benefited out of state corporations. it's a billion dollar a contrary funding boost for the state. half goes to the general fund. the other half to the energy needs of schools that could mean no more puty around the window sill. >> theeled puty has been there forever. >>reporter: they make them sauna in the summer and freezer in the winter. sooins teacher hunter says those conditions hinder learning. >> kids go from classroom to classroom the experience is the same situation until after 3 or 4 hours of that it's pretty hard for them to focus. >>reporter: lawmakers just introduced measures to get project money out the door by next summer. retrofitting is expected to cut energy cost at least 30 percent. >> do we want to give them great new energy efficiency and clean energy technology then bring them up to the 21st century. >>reporter: when upgrading done the 4 billion dollars guess to the state general fun. this is abc 7 news. >> all right let's move back-talk about the weather forecast. spencer is tracking the next storm that is coming in not ne
Search Results 0 to 6 of about 7